PIPE vs VOO
Invesco SteelPath MLP & Energy Infrastructure ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PIPE delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | PIPE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $66M | $997.4B | |
| Dividend Yield | 3.73% | 1.08% | |
| Holdings | 29 | 509 | |
| YTD Return | +26.39% | +13.25% | |
| 1Y Return | +28.11% | +19.96% | |
| 3Y Return (annualized) | - | +21.27% | |
| 5Y Return (annualized) | - | +12.81% | |
| Volatility (annualized) | 14.3% | 14.1% | |
| Max Drawdown | -15.7% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 20, 2025 | Sep 7, 2010 |
PIPE vs VOO Performance
Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PIPE returned +28.11% while VOO returned +19.96%. Year to date, PIPE is up 26.39% versus a gain of 13.25% for VOO.
Risk: Volatility and Drawdowns
PIPE has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.7% for PIPE and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PIPE charges 0.75% per year while VOO charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, PIPE currently yields 3.73% against 1.08% for VOO.
Holdings Overlap
PIPE and VOO share 4 holdings out of 527 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PIPE or VOO?
PIPE has an expense ratio of 0.75% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, PIPE or VOO?
Over the past year PIPE returned +28.11% vs +19.96% for VOO, so PIPE leads on 1-year performance. Over the longest common window we track (2 years), PIPE annualized +17.23% vs +13.49% for VOO. Past performance does not guarantee future results.
Which is riskier, PIPE or VOO?
PIPE has been the more volatile fund at 14.3% annualized versus 14.1% for VOO. Worst drawdown: PIPE -15.7% vs VOO -34.3%.
Should I hold both PIPE and VOO?
PIPE and VOO have a monthly-return correlation of -0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PIPE and VOO?
PIPE and VOO share 4 common holdings with a 0.4% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, PIPE or VOO?
PIPE yields 3.73% while VOO yields 1.08%, so PIPE currently pays the higher dividend yield.
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